Mondelez International, Inc. (NASDAQ:MDLZ) Shares Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 334,994 shares of the company’s stock after acquiring an additional 3,706 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Mondelez International were worth $20,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MDLZ. Creative Planning increased its stake in shares of Mondelez International by 4.8% in the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock worth $25,285,000 after acquiring an additional 15,845 shares during the last quarter. Twelve Points Wealth Management LLC increased its stake in shares of Mondelez International by 7.1% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 4,247 shares of the company’s stock worth $313,000 after acquiring an additional 280 shares during the last quarter. Good Life Advisors LLC increased its stake in shares of Mondelez International by 44.0% in the 3rd quarter. Good Life Advisors LLC now owns 6,373 shares of the company’s stock worth $469,000 after acquiring an additional 1,946 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Mondelez International by 14.2% in the 3rd quarter. Global Retirement Partners LLC now owns 18,278 shares of the company’s stock worth $1,347,000 after acquiring an additional 2,270 shares during the last quarter. Finally, Marshall Financial Group LLC grew its holdings in shares of Mondelez International by 3.0% during the 3rd quarter. Marshall Financial Group LLC now owns 5,715 shares of the company’s stock worth $421,000 after purchasing an additional 166 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ opened at $60.82 on Friday. The stock has a 50-day simple moving average of $59.02 and a 200-day simple moving average of $66.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. The stock has a market capitalization of $81.33 billion, a PE ratio of 17.78, a PEG ratio of 4.04 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MDLZ shares. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Mizuho increased their price target on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their price target on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.